DOJ balks at Tepper’s Rock Hill bankruptcy plan; Feds ask judge to block confirmation

[Ja Rhule]

DOJ balks at Tepper’s Rock Hill bankruptcy plan; Feds ask judge to block confirmation

Read more at: https://www.heraldonline.com/news/business/article268533397.html#storylink=cpy

The U.S. Department of Justice has asked a federal judge to deny confirmation of a bankruptcy proposal by a David Tepper-owned company connected to the failed Rock Hill, S.C., team headquarters project, court documents show.

The request was made late Tuesday by a bankruptcy court trustee on behalf of the DOJ. A confirmation hearing on the bankruptcy proposal is scheduled for Nov. 16.

“The U.S. Trustee requests that this Court enter an order denying confirmation of the Plan, and granting such other relief that the Court deems just and proper,” the Trustee wrote.

[top dawg]

It's probably a fairly normal occurrence. 

[PanthersGTI]

Who gives a fug? We all experts on construction, contracts, litigation, government funding, local politics, MBAs etc... now? Just hire the right fuging coach and lets go, only thing that should matter to the fans. 

[Cullenator]

Basic bankruptcy maneuvering.  Nothing to see here

[kungfoodude]

3 minutes ago, Cullenator said:

Basic bankruptcy maneuvering.  Nothing to see here

Listen, I wouldn't suggest trying to step out in front of the mob and explain the situation....

[Mr. Scot]

2 hours ago, kungfoodude said:

Listen, I wouldn't suggest trying to step out in front of the mob and explain the situation....

I wouldn't claim to know much about land deals or bankruptcy procedures, but I think most people at least raise an eyebrow when they see something about the Department of Justice getting involved

2 hours ago, Cullenator said:

Basic bankruptcy maneuvering.  Nothing to see here

That you, Dr. Lunker?

[top dawg]

4 hours ago, PanthersGTI said:

Who gives a fug? 

Huddlers who want to pile on Tepper.

[Cullenator]

1 hour ago, Mr. Scot said:

I wouldn't claim to know much about land deals or bankruptcy procedures, but I think most people at least raise an eyebrow when they see something about the Department of Justice getting involved

That you, Dr. Lunker?

NAL here but have a family member with high level access to the middle district of NC bankruptcy court filings and judges. His somewhat informed opinion is that with a bankruptcy this size and with as many people that could be impacted along side that it involves the owner of 1/32 of a legal monopoly that this is business as usual.

[jtm]

This is not unusual for a bankruptcy of this size.  I'm not a bankruptcy attorney but I am an attorney and I deal with bankruptcies from time to time.  

Edited November 10, 2022 by jtm

[frankw]

1 hour ago, top dawg said:

Huddlers who want to pile on Tepper.

He's earned the ridicule.

[Pimpdaddy]

hes actually the rhule of owners...

[stratocatter]

Familiar behavior, the negotiations are underway now, but I thought Tepper was in concert with the leanings of the DOJ. Why would they go against him? 

[KillerKat]

[Butterflyj30]

I didn't know the DOJ got involved in these types of matters